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Trade quiz
Five questions on Trade. Answer all 5 to see your score. Questions are drawn from a bank of 15, so every attempt is different.
Question 1 of 5
Comparative advantage is based on:
Question 2 of 5
Who developed the principle of comparative advantage?
Question 3 of 5
Country A: 1 hour makes 4 apples or 2 pears. Its opportunity cost of 1 pear is:
Question 4 of 5
If one country is better at producing everything, trade:
Question 5 of 5
For both countries to gain, the terms of trade must lie: